Building Details

Buildings 1

Building Size 5,600 SF

Listing Agency: Windermere Valley/Liberty Lake Show Phone

Listed By: Haley Busby Show Phone

Source: Moodyscre

Added: Jul 26 Changed: Oct 2 Last Checked: Oct 12 at 9:05PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Valley/Liberty Lake

Investment Insights

Based on property information with market context.

This flex property occupies a corner parcel at a signalized intersection and includes open interior layouts, upgraded utilities, and infrastructure suited to multiple commercial configurations. The building most recently operated as a brewery and restaurant, providing an established physical setup for food-and-beverage use while retaining adaptability for other functions.

The property is located at 4110 S Bowdish Rd in Spokane, with access from a prominent corner position and exposure at a lighted intersection. Its configuration is described as suitable for warehouse, showroom, office, or mixed-use flex applications, giving the building a broad range of potential commercial uses without relying on a single layout.

Key Highlights

• Flex property at 4110 S Bowdish Rd, Spokane, WA 99206
• Corner parcel at a lighted intersection
• Open interior layouts with upgraded utilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,437

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$728,740 $728.7K

Cap Rate 7%

$520,529 $520.5K

Cap Rate 9%

$404,856 $404.9K

Market Conditions

NOI Build-Up for 5,578 SF

Gross rent

$47.5K $8.52/SF

− Vacancy

−$4.7K −$0.83/SF

EGI

$42.9K $7.69/SF

− OpEx

−$6.4K −$1.15/SF

NOI

$36.4K $6.53/SF

Area

Spokane, WA

Vacancy

9.80%

Lease Rate

$8.52 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$728,740

Cap Rate 7%

$520,529

Cap Rate 9%

$404,856

Alternative Uses

Best Use

Warehouse

$520.5K

$455.5K – $607.3K (±1% cap)

NOI $36,437 @ 7.0% cap · market cap 4.55%

Second Best

Industrial

$463.6K

$405.7K – $540.9K (±1% cap)

NOI $32,454 @ 7.0% cap · market cap 4.06%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,739 @ 7.0% cap · market cap 12.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

117

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 99206, WA

39,842

Population

17,339

Households

2.3

Avg Household Size

39

Median Age

28%

College-Educated

95%

High-School Grad

23.4 sq mi

ZIP Area

1,703

Density / Sq Mi

$75,538

Median Household Income

$42,018

Median Earnings

$1,174

Median Rent

$362,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Open layouts and upgraded utilities support varied commercial configurations.

Where is this flex space located?

The property is located at 4110 S Bowdish Rd Spokane, WA.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Flex property at 4110 S Bowdish Rd, Spokane, WA 99206; Corner parcel at a lighted intersection; Open interior layouts with upgraded utilities